The total number of building approvals increased at a faster-than-expected pace in April, after declining sharply in the previous month, data from the Australian Bureau of Statistics showed Tuesday.
The seasonally-adjusted estimate for total dwellings approvals climbed 4.4 percent month-over-month in April, reversing a 10.3 percent decline in March. Economists had expected a 3.0 percent rise for the month.
Private sector dwellings approved grew 4.6 percent over the month, while public sector dwellings registered a decline of 4.4 percent.
At the same time, approvals for private sector houses increased 0.5 percent and total housing consents climbed by 0.8 percent.
On a yearly basis, total building approvals plunged a seasonally adjusted 17.2 percent in April.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.